AmCham Indonesia met a bi-partisan US Congressional delegation (Codel) led by Congresswoman Young Kim (R-CA-40) on Aug 28 at WeWork Noble House, Jakarta.
The Codel wanted to meet representatives of the US private sector in Indonesia to collect concerns and challenges of doing business here, and convey a message to the Indonesian government in the hope of pushing for a better business environment and increased US investment in the country. Deepening economic relations between the two largest democracies is a strategically important feat not only for the economy, but also to support US foreign policy, said Congressman Andy Barr (R-KY-6).
The two Democratic Party representatives on the Codel were Rep. Jonathan Jackson (D-IL-1) and Rep. Jasmine Crockett (D-TX-30).
The overall key message from AmCham member companies was that Indonesia’s business climate and political stability are improving, but flaws in the form of legal uncertainty and protectionism still exist. Engaging in a long-term business contract could be challenging, since regulations can change and undermine the sanctity of the contract, one company said.
When talking to the Indonesian government, it is important to remind them that Indonesia needs to meet a 6-7percent growth target to reach its 2045 economic goal of becoming an upper middle income country and attracting foreign investment is crucial to achieve that goal, another company said.
The session continued with discussions on topics including the aviation industry, the extractive industry, supply chains and agriculture.
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